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Optimism Among U.S. Manufacturers at Record High Heading into 2019

December 21st, 2018 Comments off

 

NationalAssocManufacturersLogoNAMlogoOptimsimHighHeadingInto2019DailyBusinessNewsMHProNews

This year was one for the record books, with manufacturers’ average optimism for 2018 hitting an all-time high,” said NAM President and CEO Jay Timmons, in a release to the Daily Business News on MHProNews.

 

JayTimmonsNAMPhotoNationalAssocManufacturersDailyBusinessNEwsMHProNewsEmpowered by tax reform and regulatory certainty, manufacturers are keeping our promise to expand our operations, hire new workers and raise wages and benefits. But as this survey also shows, we face challenges, most seriously the workforce crisis. We have more than half a million jobs to fill right now—and by 2028, as many as 2.4 million could go unfilled if we don’t equip more Americans to take on these high-tech, high-paying careers,” Timmons said.

NationalAssociationManufacturersDailyBusinessNewsMHProNews

 

There is a blizzard of emails that hit the MHProNews inbox daily, so frankly, at first this report was initially overlooked.  It wasn’t until we saw the White House release on this same topic that we circled back for the toplines of this report.

 

ManufacturersOptimismReached92.4PercentAllTimeHigh2018DailyiBusinessNewsMHProNews

 

While NAM represents sentiments of manufacturing in general, it certainly is a useful insight for the producers of manufactured housing.  It is also useful for those who are market watchers, investors or those working at other levels in the factory-built housing industry.  Why?

 

ManufacturersOptimismReachedSkilledLaborBiggestChallenge2018DailyiBusinessNewsMHProNews

Because the broader manufacturing sector is booming.  Manufacturers are often somewhat happier about an issue like tariffs, that are rankling investors.

Much of what is imported from nation’s like China are finished goods, produced in a factory. If an improved trade deal emerges from the drama of 2018, that will be welcome news.  But if not, it is entirely possible that even more manufacturing will return to the U.S., and that is good for America too.

Two more points, before turning to some toplines from the related White House press release.  First, as factory-producers and developers know, there are a growing number of imported units coming into the U.S.  Tariffs – if the trade tiff continues – could arguably mean that some will turn to a domestic builder instead of one from China.

Second, all news has to be considered carefully, mainstream or other news.  Right or wrong, 92 percent of the news – per third party research – has been negative toward the Trump Administration. It is thus useful to periodically see that vantage point, to balance out the headlines from the left and right that we present each evening during our market recap.

With that intro, let’s look at the latest news and views from the White House.

 

 

TheWhiteHouseDailyBusinessNewsMHProNews

Optimism Among U.S. Manufacturers at Record High Heading into 2019

 

“American manufacturers think the future looks bright,” Joe Williams reports for the Washington Examiner.

 

“Nearly 89 percent of the 539 companies polled by the National Association of Manufacturers in the fourth quarter held a positive outlook for their business, bringing the yearly average to 92.4 percent, the highest in the survey’s 20-year history.”

Click here to read more.

 

 

Saturday will mark the one-year anniversary of President Donald J. Trump signing historic tax cuts into law. “Kevin Hassett, chairman of the president’s Council of Economic Advisers, said strong capital spending and economic growth are proof that the good times can be sustained,” Gabriella Muñoz writes in The Washington Times. “We got exactly the growth affect we predicted last year,” Hassett said.

 

 

“Thankfully, the era of broken promises ended in 2016,” Dr. Alveda King, niece of Dr. Martin Luther King, Jr., writes in the Ledger-Enquirer. “For Trump, strengthening American communities is fundamental to American success. The FIRST STEP Act does just that by establishing job-training initiatives to better prepare prisoners to re-enter society after they are release.”

 

 

In USA TodaySecretary of Agriculture Sonny Perdue writes that the Trump Administration’s new proposed Supplemental Nutritional Assistance Program (SNAP) rules will encourage productivity instead of poverty. “The president has directed me, as Secretary of Agriculture, to propose regulatory reforms to ensure that those who are able to work do so in exchange for their benefits.”

 

 

“During the 2016 campaign, President Trump promised blue-collar and low-wage service sector workers that he would improve their lot. A new labor-market study by a major business group suggests he’s kept his word,” the Investor’s Business Daily editorial board writes. “The study by the Conference Board, the New York-based global business organization and think tank, found that blue-collar workers aren’t just doing better, they’re now in short supply.”

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“Check Your Facts,” “Follow the Money” – Journalist Sharyl Attkisson, Fake News, MHVille Takeaways

 

 

 

 

 

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MH Equities Snapshot, Plus, ‘Rich Won, Workers Lost’ from Fed, per Cramer, As Market Slide Continues

December 20th, 2018 Comments off

CNNmoney12.20.2018ManufacturedHomeStocksMarketsReportsMHProNewsThere will be a brief commentary below on the snapshot of the manufactured housing market this evening. That will be followed by Jim Cramer’s – the Mad Money show host – commentary on left-of-center business and investment focused news site, CNBC. Cramer has been a vocal critic of the Fed’s policies this year. Earlier today, he blasted the Fed’s policy has helping the rich, while hurting the vast majority of Americans.  On a day that the markets have again retreated into/toward bear territory, Cramer’s commentary will be our focus this evening.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

FoxCNNBloombergCNBCLeftRightMEdiaDivideManufacturedHousingIndustryNews

Select bullets from CNN Money…

  • The bankrupt company has reached a critical point in its fight for survival
  • The Dow plunges, Nasdaq flirts with a bear market and oil is in free fall
  • The recent market slowdown is normal, strategist says
  • ANALYSIS Why Jerome Powell’s quiet show of defiance against Trump and Wall Street is so important
  • Navy Federal deposit issue triggers pre-Christmas anxiety for members
  • US charges Chinese hackers in scheme targeting business and military
  • Facebook and Wells Fargo are in bottomless pits of scandal. They each reacted differently
  • Tech companies and carmakers are the hottest employers in Europe
  • BlackBerry’s bet on connected cars pays off
  • Advertisers are boycotting Tucker Carlson, and it’s having an effect
  • 5 common tax misconceptions to avoid
  • Biggest US cigarette company buys $13B stake in an e-cigarette startup
  • ANALYSIS Don’t panic. There’s still money to be made in the stock market
  • The very important reason these tiny robots are taking pictures of cats
  • Lululemon’s controversial founder: The company is worse off without me
  • PERSPECTIVES How stores trick you into overspending during the holidays
  • Costco: Retail’s overlooked holiday winner
  • Barclays app stops you spending on the wrong stuff
  • Why Amazon could win the battle for holiday toy sales
  • Watch out for these holiday shopping scams
  • How this CEO of a 167-year-old company keeps it young
  • Lyft’s John Zimmer put it all on the line to catch Uber
  • She ‘faked it til she made it.’ Now she runs a billion-dollar jewelry business
  • CEO thinks it’s crazy to work more than 40 hours a week
  • IBM just bought his company for $34 billion. But he says its unique work culture won’t change

Select Bullets from Fox Business

  • Dow falls below 23K as Nasdaq nears bear market
  • This is where America’s rich have moved
  • Opinion: Crumbling crude is flashing a warning signal
  • Mnuchin: Market reaction to Fed rate hike ‘completely overblown’
  • Amazon’s gamble on Whole Foods might not pay off
  • Social Security’s ‘never-beneficiaries’ include these people
  • The best time to buy a house
  • Jerry Seinfeld is once again the highest-paid comedian of the year
  • There’s a blue-collar worker shortage in the US
  • Taxpayers can no longer claim these 4 deductions
  • 2018 Farm Bill will revolutionize hemp industry in US: Hemp CEO
  • Trump wants to require more food stamp recipients to work for federal dollars
  • US companies with the most six-figure job openings
  • Dow, S&P 500 having worst month since 1931 as Grinch hits Wall St.
  • Trump tariff war with China sends US retailers on buying binge
  • Patriots QB Tom Brady could miss $5M in performance bonuses this season
  • Want to work from home? These are the top 10 jobs
  • Lands’ End returns to iconic American roots
  • Wegmans issues recall for cauliflower rice, stir fry mixes over E.coli concerns
  • A look at past government shutdowns, as border wall fight heats up
  • A government shutdown is unlikely to roil US economy, Moody’s says
  • Partial government shutdown: Here’s what happens
  • Continue to Government Shutdown
  • Elon Musk’s Boring Company unveils high-speed LA tunnel
  • Nike surges on earnings beat after tough market day
  • Amazon could add 20 jets to air shipping fleet, impacting FedEx business: Report
  • Amazon Alexa shares man’s recordings with stranger
  • These are the 10 best countries for business
  • Chick-fil-A poised to jump Subway, Burger King in US fast food market
  • Patients pay too much out of pocket for meds: Eli Lilly CEO
  • Star Wars creator George Lucas leads Forbes wealthiest celebrities of 2018
  • After Altria deal, Juul employees to get $2B bonus
  • Caribou Coffee reveals data breach at 265 stores
  • Money behind college football bowl names like TaxSlayer Gator Bowl, explained
  • Altria takes 35 percent stake in e-cigarette firm Juul

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance12.20.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue12.20.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

MHEquitiesSnapshotPlusRichWonWorkersLostfromFEDJimCramerBroaderSlideContinuesDailyBusinessNewsMHproNews

Industry Equities Snapshot

Even a few seconds glance at the Bloomberg closing ticker snapshot below will reveal that most manufactured home industry tracked stocks are at or near their 1-year lows. That mirrors the trend for the broader market, which continues the slide down that began before the midterms.

Earlier today, the Daily Business News spotlighted what is an apparently well-intended effort by a manufactured housing state association to cheer on investing in manufactured housing communities.  To see the report, click the image/textbox below.

State Association Steps Up, Promoting Manufactured Home Communities Investing

Noting the good intent, the strongest case for communities are facts and news like ELS’ latest below.  Note that ELS is bucking the general trend downward among MH equities.

Sam Zell’s ELS Scores Again, Details Others Missed

The case can be made that manufactured housing historically performed as well or better during downturns, precisely because it is affordable housing.  There will always be a market for affordable homes, so long as the product is properly understood.  That’s in part a messaging matter.

One of the many indicators that manufactured housing isn’t properly understood by many – including some in the investment community – is precisely the slide reflected below.

The slide – especially in purely or mostly manufactured home stocks – is arguably one more indicator that the post-production Manufactured Housing Institute (MHI) is failing the majority of the industry, in favor of a select few.  They are desire praise for photo ops and Facebook likes, then don’t they deserve a measure of accountability when matters are obviously growing awry?

 

Insider Tips – Clayton Multi-Million Dollar Plan Aims at Replacing Sales Staff? Warren Buffett, Bill Gates, Kevin Clayton Meeting

Now, on to the comments of Jim Cramer from earlier today.

‘Rich people won’ — Cramer on how Fed rate hikes widen wealth gap, hurting working Americans

·        The central bank led by Jerome Powell is taking money out of the pockets of the middle class, says CNBC’s Jim Cramer.

·        “We had seven years when the rich got really rich,” while the middle class struggled for a decade with stagnant wages,” the “Mad Money” host says.

·        Wealthy people can better afford to take shelter in money market accounts, he adds.

The rich people won,” Cramer said on “Squawk on the Street.”We had seven years when the rich got really rich,” while the middle class struggled for a decade with stagnant wages. “They didn’t make their money during the period where you could make money,” he added.

The wealthy can better afford to shelter in money market accounts because they don’t have to chase yield to make money, Cramer said. “They can buy CDs now. They can sell all they want. You get 3.5 [percent rates]. I bought some 3.5 [percent] CDs yesterday, and I feel pretty good. They’re out five years, and I’m older now, and I’m not trying to hit it out of the park with index funds.”

Wednesday evening, Cramer said: “The only people who should be really happy about this statements are the rich: your wealth will be preserved. If you work for a living, you’re probably getting a raise after a lost decade of wage growth. Powell wants to put a stop to that.”

Yay, the rich don’t have to worry; don’t have to worry about a slowdown. Because do you know why? You only have to get rich once. But the not-so-rich, sorry,” said Cramer. In Powell’s “dogmatic world, you’re making too much money as it is.”

Ouch.  But it’s a comment akin to what Steve Forbes and others have said recently about the Fed’s policies.

 

Click the text/image box below for a Related Report:

 

Fed Rate Hike, Chair Jerome Powell Comments Send Broader Markets, Most MH Equities Reeling

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

12.20.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


Virgin of Guadalupe Appears, Community Management Resident Legal Uproar, Surprising Attorney’s Opinion

December 20th, 2018 Comments off

 

MillieFrancisVirginGuadalupeAppearsCommunityManagementResidentLegalUproarSurprisingAttorneysOpinonDailyBusinessNewsMHProNews

In business, you might technically be on the right side of a law, but still appear badly to the public at large that you hope to attract and serve.

 

A recent fracas arose between 85 year old resident, Millie Francis, and a resident-owned manufactured home community’s management. Vanguard Management decided to make a legal issue over an elderly Hispanic resident’s outdoor religious artwork, which appears on the street-side of her home.

It’s made regional news from Atlanta to Miami. It gained prominence on Fox News nationally. A fair housing expert has shared her legal perspective on the matter with the Daily Business News on MHProNews, which will be presented further below.

But let’s set the stage first with some general background.  Then, we’ll look at some specifics of this case, and thereafter will provide the legal insights.

Why this attention in the industry’s leading trade media? Because the story is arguably about much more than the ‘guidelines for living,’ or other community rules. It’s even more than fair housing or freedom of religion issues, although those are all serious enough.

It is arguably a potential lesson to be learned about the message this sends to literally millions of members of various demographic groups, and what this says about manufactured home community living.

MillieFrancisBrandentonTropicalFarmsMobileManufacturedHomeResidentOwnedCommunityDailyBusinessNewsMHProNews

 

Regional Mainstream Media Coverage

Over one in five living in the U.S. is Catholic, according to Pew Research. “23.9% of Americans identify themselves as Catholic…approximately 72 million,” in a 2008 Pew report.

According to the U.S. Census Bureau, “57.5 million…The Hispanic population of the United States as of July 1, 2016, making people of Hispanic origin the nation’s largest ethnic or racial minority. Hispanics constituted 17.8 percent of the nation’s total population.”

The Population Reference Bureau says that some 46 million Americans are over age 65, about 15 percent of the population.

 

KIllMeFirstMiamiHeraldTrailerParkHeadlineMillieRichardsOurLadyGuadalupeVirginMaryPaintingMobileHomeArtDailyBusinessNewsMHProNews

 

So in one fell swoop, a photo and headline about this elderly woman’s tiff with her community’s management, and they have potentially offended no less than three sizable interest groups.

If you looked at women as another interest group, or those who take issues about freedom of religion seriously, even larger groups could be offended by the headlines this story about Millie Francis and what she says is her ‘heavenly inspired‘ art work has generated. That it has gone into the days covering Advent and the feast day of

 

That’s significant, because the Washington Post said in 2014 that “People don’t pay much attention to the news. … Overall, 41 percent of Americans report that they watched, read, or heard any in-depth news stories, beyond the headlines, in the last week…” It’s not just one media source that says a problematic headline that can lodge in someone’s subconscious.

A writer for Forbes in 2016 said, that 59 percent of you will share an article without reading beyond the headline.  Ouch.

So even if Vanguard Management, which reportedly operates Bradenton Tropical Farms – and which they and the community manager declined comment on this report – are technically correct, potentially millions who heard or saw a blip in their local or regional news, could have a problematic view of the matter.

Rephrased as a possible lesson learned for industry professionals, sometimes it is the better to be right, and still do what a resident of customer wants, then to make an issue that ends up creating headlines like this vexing story has.

 

MillieFrancis85OurLadyGuadalupeVirginMaryBrandeontonTropicalPalmsFL

 

Let’s see what a letter writer in the Orlando Sentinel had to say, which is between the next two graphics.

HeadlinesBrandentonTropicalFarmsMillieRichardsDailyBusinessNewsMHProNews

The section below is from the Orlando newspaper, an apparent opinion column, which gives insight into why such issues matter to professionals and home owners alike.

When the Virgin Mary appears, it’s usually cause for a celebration. In Bradenton, it might be cause for an eviction.

Or worse.

Millie Francis says she’ll give up her life before she takes down the painting of Our Lady of Guadalupe on her mobile home, the Bradenton Herald reported.

“They’ll have to kill me first,” she told the paper.

They are Vanguard Property Management, which runs the mobile home park where the 85-year-old Francis lives. They say she has run afoul of the rules and neighbors have complained about the work of art.

The hubbub began this spring when Francis replaced the front window of her mobile home with a piece of plywood, the Herald reported. A devout Catholic, she went to Mass and was inspired to paint the image.

Janet Nowakowski, the neighborhood property manager, told the Herald that Francis had permission to remove the window. She said the project was not completed in time and that Francis didn’t get the painting approved by the park’s architectural review committee.

Francis thinks it’s more as a case of religious discrimination than red tape.

“There’s all kinds of stuff out there, but this is because I’m Catholic and it’s wrong,” she told the Herald. “With all the things going on in the world, I would think there would be more important things to worry about than this.”

Such worldly concerns have inspired people to seek divine guidance for eons. In that quest, there have been about 2,000 sightings of the Virgin Mary since 1531, when the Catholic Church started investigating such reports.

One of the most famous sightings was at Lourdes, France in 1858. Now 6 million people a year visit St. Bernadette’s grotto, with thousands hoping to be cured from their afflictions.

Clearwater made the sightings map in 1996 when a stain on the glass window at the Seminole Finance Company took the shape of the Virgin Mary.

Jesus has been spotted in a lot of places, including a breakfast taco and a bag of Cheetos.

The Bradenton mobile home park has no restrictions against grocery sightings, but Nowakowski said Francis will have to resubmit her application to the architectural review board if she wants to keep her painting.

Francis says that’s not going to happen.

“I don’t bother anybody and I don’t want anyone bothering me,” she told the Herald. “I got permission from them, but I’m not asking for anymore permission. This is America, I’m 85 and will do what I want with my own property.”

God’s speed, Millie Francis.

 

FlorideWoman85FightingKeepPaintingVirginMaryMObilehomeHavetoKillMeFirstDailyBusinessNewsMHProNewsFox

ReaderCommentsFoxNewsMillieRichardsVirginGuadlupeStoryDailyBusinessNewsMHproNews

Check out the above.  The headline is from Fox, on their national news site. The comments that follow the photo and caption are just some of those posted by readers about this scenario.

 

 

With these items as a backdrop, let’s turn to what Nadeen Green, JD, an actively retired fair housing attorney and long-time expert for For Rent had to say about this case.

 

Fair Housing Attorney Sounds Off

MHCSuedAccusedofHousingDiscriminationByDepartmentofJusticeNadeenGreen-jd-for-rent-posted-daily-business-news-mhpronews

Nadeem Green, JD.

Per Nadeen Green, J.D., I used to see this quite often in the apartment industry and those of us who teach fair housing always told owners/companies to understand that it is an “all or nothing” business decision.  Many MF communities have rules that say nothing can be placed outside or in windows to be viewed from the outside. Others allow residents to display what they want (sports flag during important games, holiday decorations, flags from their original countries, etc). Often there were time rules – 2 weeks before an event, holiday or national day, for example. one week after.  But once such is allowed, it is pretty well open season, which is why “nothing” often was the case.

 

In this article the threshold issue is whether there are rules and policies for anything done outside the home (note that there is a reference to an architectural committee process) and whether this resident complied with those.  If other artwork or displays have been allowed, arguably hers should be as well unless there is a rule along the lines of “seasonal displays will be allowed but they must be secular and non-religious displays will not be allowed.”  If this resident is allowed to have her art displayed (whether as a result of community rules or legal ruling) than anyone else can have religious displays as well…from any religion

One more comment…there is no need to accommodate for religion in housing (unlike in the employment arena).

While fair housing and fair employment have many parallels, they have never been in lock step (even, as you now know, the protected classes are different under the federal law).  BTW, often state or local governments do add further protections to the housing laws so sometimes the differences are not as vast.

For years “disparate impact” was a difference.  It is articulated in the federal employment law but not mentioned in fair housing, which led to all sorts of legal wrangling so that now that must be considered in housing (mostly as to criminal background checks for residents).  Another big area of difference in civil rights laws is that of service animals.  The Americans With Disabilities Act does not recognize emotional support animals and those can be excluded from public places; the Fair Housing Act does recognize emotional support animals and that is why a housing provider must accommodate such.  Disability is the only federally protected class that requires reasonable accommodation and that is why disability is the number one area for legal disputes – HUD charges and private lawsuits.”

— end of Nadeen Green’s legal commentary. —

There you have the legal side of the Millie Francis – Madonna painting issue, with the normal disclaimer that Nadeen Green is not your attorney, so this should be understood as general guidance, not specific legal advice to you.

So, as noted above, there are several ways to ponder this issue.  There is a strictly legal view.  There is the public relations perspective.  There is a resident relations to consider as well.  What’s missing from this is the question of how other residents responded to Francis’ display.  Finally, there is the question – what if she was truly inspired to take up this issue?

Lots to ponder, and unpack, just days before Christmas.  That’s “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” ©   ## (News , analysis, and commentary.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

Related Reports:

Manufactured Housing Institute Housing Alert, Affordable Housing Crisis, MHI’s #NettlesomeThings Response

Festivals of Light – Hanukkah and Advent in Manufactured Home Land – a.k.a – MHVille

 

 

 

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Minimum Wages Set to Rise in 2019 in these 20 States, “Fight for $15” Battle Continues, National Economic Council Director Larry Kudlow Opposed

December 20th, 2018 Comments off

 

MinimumWagesSetRise20StatesFight$15nationalEconomicDirectorLarryKudlowOpposed

There is a measure of joy among tens of thousands of workers in 20 states about the coming rise in minimum wage that will occur in 2019.   But wages have been rising naturally at the national level at the highest pace in years.  How much a worker makes can, as manufactured home retail and community professionals know, make a difference if a prospective customer qualifies for a purchase or residency – or not.

 

So, the issue matters to industry professionals, businesses, and to consumers alike.

 

Below is a list of the wage hikes courtesy of right-of-center Fox Business and data compiled by the Employment Policies Institute.

graphic-cfed-proofmhaffordablehousingsolution-posteddailybusinessnewsmhpronews

Graphic by CFED, text credit by MHProNews.

It is worth noting this video interview which was cut just days before the midterms, which concludes with National Economic Council Director Larry Kudlow’s view for calls for a national minimum wage.  What makes this interesting as a retrospective is that certain predictions that Kudlow made pre-election about the impact of a flip of the House of Representatives to Democratic control are arguably coming to pass.  Kudlow was confident that the GOP would retain the Senate, but was not predicting that for the House.  Kudlow spent years with left-of-center CNBC, and served during the Reagan Administration as a young economist.

 

 

Wages Set to Rise

Workers in 20 states will see minimum wages rise between Dec. 31 and Jan. 1. Additionally, 23 localities will be raising rates, according to a list compiled by the conservative-leaning Employment Policies Institute,” said Fox Business this week.

Eighteen states raised minimum wages in January 2018, while two additional states will do so in July.

It’s worth noting that these variations in the minimum wage make the point that Kudlow did in his video interview, posted above.  Namely, that if you want to have a minimum wage policy, it should be done at the state/local level, because no two states are alike.  Kudlow explains that in his crisp style.

California

 

The statewide minimum wage in California will rise to $12, from $11.

But  “a slew of municipalities in the state are also raising their local minimum wages. In Mountain View, California – home to Google’s headquarters – as well as Sunnyvale, the rates will increase to $15.65. In Los Altos, Cupertino, Richmond, El Cerrito, San Jose, San Mateo and Santa Clara, the minimum wage will be hiked to $15 per hour,” said Fox Business, adding that “The cities of Oakland, Redwood City and Belmont will also be raising wages.”

 

New York

In New York state, the minimum wage will rise to $11.10, from $10.40.

Additionally:

  • For quick service employees, the statewide rate will be higher, at $12.75.
  • In New York City, the starting rate for employees will be increased to $15 per hour, from the current $13.
  • Long Island and Westchester will also hike wages to $12.

Washington

The state of Washington raised worker pay to $12, a $0.50 increase. However, some cities are raising their minimum wages much higher.

In Seattle, minimum hourly wages will rise to $16. In SeaTac, pay will increase to $16.09. Tacoma will see a hike to $12.35.

InfographicMobileManufacturedHomeManufacturedHousingIndustryFactsDataResearchMobileManufacturedHomeLivingNews

Other states:

Alaska: $9.89, from $9.84
Arizona: $11.00, from $10.50
Arkansas: $9.25, from $8.50
Colorado: $11.10, from $10.20
Delaware: $8.75, from $8.25
Florida: $8.46, from $8.25
Maine: $11.00, from $10
Massachusetts: $12.00, from $11
Michigan: $9.45, from $9.25
Minnesota: $9.86, from $9.65
Montana: $8.50, from $8.30
New Jersey: $8.85, from $8.60
Ohio: $8.55, from $8.30
Rhode Island: $10.50, from $10.10
South Dakota: $9.10, from $8.85
Vermont: $10.78, from $10.50

Albuquerque, New Mexico, will raise its minimum wage to $9.20.

Las Cruces will increase it to $10.10. Here’s a short video on how their local media reported it.

 

Flagstaff, Arizona, will see a $1 bump to $12 per hour.

If you’ve read this far, it likely means you think this is an issue that impacts you.  “That’s News Through the Lens of Manufactured Homes, and Factory Built Housing,” © where “We Provide, You Decide.” © ## (News , analysis, and commentary.)

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Related Reports:

America, Manufactured Housing & Debate Over Minimum Wage$

 

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State Association Steps Up, Promoting Manufactured Home Communities Investing

December 20th, 2018 Comments off

 

StateAssocManufacturedHousingInstitutesouthCarolinaManufacturedHomeCommunitiesPromotionsDailyBusinessNewsMHProNews

The holiday season hasn’t caused the Manufactured Housing Institute of South Carolina still-new communications person to slow down.  Janae Frazier has stepped up to the plate with two new pro-industry videos produced on the MHISC’s YouTube channel in December, 2018.

 

The two videos are entirely different styles, as a look at each under-a-minute videos will reveal.

 

 

Based upon the views on this video, it appears that the Daily Business News on MHProNews is the first one to view each, as both showed zero views at the time we first looked. A state-association specific article will not normally attract the same number of readers as one about one of the industry’s nation associations, or some other hot topic, so this article won’t likely make a big impact on the views, but time will tell.

 

 

Any promotion of the manufactured housing industry is better than no promotion, so the videos are arguably an effort with a good intention.

 

ManufacturedHousingInstituteLogoSouthCarolinaLogoMHISCLogoYouTubeChannel1Video1219.2018DailyBusinessNewsMHProNews

 

Janae Frazier’s efforts dwarf that of their larger and better funded Arlington, VA based counterparts.

JanaeFrazierMHISCManufacturedHousingInstituteSouthCarolinaDailyBusinessNewsMHProNews

Still from an MHISC video on this page.

 

Frazier deserves credit for that effort.

But the industry realistically must look beyond efforts and posturing from Arlington, VA toward actual measurable results.  It isn’t even so much about how many views, as how many actual buyers.

When several states are still slipping in new HUD Code manufactured home shipments, during an affordable housing crisis, these are warning signals that can’t be ignored.

 

 

2018-12-19_1707NewEnglandRVDAHowManyVideosOnYouTubeChannelDailyBusinessNewsMHProNews

 

MHI and its members ought to answer this simple 3 part proposition. Logic says that:

  • MHI either know what to do to get more manufactured home sales, but thus far, have not done it.
  • MHI doesn’t know what to do to get more new HUD Code manufactured home sales, and doesn’t want to admit it.
  • Some combination of the two bullets above, such as MHI knows that it should debunk every piece of misinformation that arises, via an educational effort, but for whatever reason, isn’t doing it.

 

2018-12-10_0949SkyChampionManufacturedHousingShipmentHistoryDailyBusinessNewsMHProNewsNov2018

There is ample evidence to support the concerns that they are doing what Berkshire Hathaway owned brands, such as Clayton Homes and 21st Mortgage want. Certainly MHI videos routinely feature Clayton Homes.  When Kevin Clayton said 7 years ago that the industry was ready to start promoting the industry, what has happened since then, and why?

This is the time of year that people are planning for the next year.  What do you want to see occur that will make 2019 significantly better than 2018?

ICYMI, or need a refresher on the latest national data, click the image/text box below to see that report.

 

“Pants on Fire” – Latest New Manufactured Housing Shipment Report

 

For more relevant insights, see the related reports, linked below the by line, news tips icon, emailed newsletter sign up, and other notices. “We Provide, You Decide.” © ## (News , analysis, and commentary.)

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Related Reports:

“Lots of Sizzle,” Clayton Sales Performance, Other MHI & Clayton Homes News Tips

“What Are We, Chopped Liver?” MHI Member December 2018 Reactions

“It’s a Terrible Idea,” Comments from Manufactured Home Community Owners, Senior Management, and Investors

 

Housing Choice, Where Modular, Manufactured, Tiny, Conventional Housing Crisis, MHI and MHARR Intersect

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Fed Rate Hike, Chair Jerome Powell Comments Send Broader Markets, Most MH Equities Reeling

December 19th, 2018 Comments off

CNNmoney12.19.2018ManufacturedHomeStocksMarketsReportsMHProNewsWhen you see and hear what Federal Reserve Chairman Jerome Powell actually said, the economy is doing well.  The markets are suffering, in part due to comments and rate hikes that he and his colleagues at the FED have made. Powell spoke, the markets sank.  A closer look will be our feature this evening.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

FoxCNNBloombergCNBCLeftRightMEdiaDivideManufacturedHousingIndustryNews

In about 10 minutes a day, manufactured home industry readers of this evening market report can get a summary of the market and political headlines, plus see specific data that relates to manufactured home industry connected stocks. There is no other Daily Business News report like this anywhere in manufactured housing.

 

Select bullets from CNN Money…

  • Stocks plunge after the Fed raises rates despite signs of economic softening
  • Federal Reserve hikes rates for the fourth time in 2018
  • Facebook could be in hot water with the FTC — again
  • C. attorney general sues Facebook following Cambridge Analytica scandal
  • General Mills is leaning into pet food
  • Prosecutors weigh sex assault charges against Chinese billionaire
  • Two multibillion-dollar healthcare businesses are merging
  • FedEx is really worried about trade and the global economy
  • SoftBank’s mobile business plunges after $24 billion IPO
  • Jim Rogers, utility CEO who advocated for clean energy, dies
  • Business voices ‘horror’ as Brexit countdown reaches 100 days
  • In high-paying jobs, the wage gap can cost women millions
  • Corporate America’s debt is too big for investors to ignore
  • The bear market in oil keeps getting worse
  • 5G is here. What that means and how you can get it
  • Huawei: We’re still leading the world on 5G, despite political attacks
  • Huawei’s 5G ambitions suffer another big setback
  • Samsung will sell the first 5G smartphone in 2019
  • Here’s why 5G is the future
  • ELON MUSK’S BIG PLANS
  • Elon Musk’s first tunnel is finished. Here’s what it’s like to ride in it
  • See the tunnel in action
  • Elon Musk: ‘I do not respect the SEC’
  • SpaceX launched 64 satellites in record-breaking mission
  • Elon Musk wants the world to embrace electric cars, even if Tesla goes bankrupt

Select Bullets from Fox Business

  • Despite Trump’s complaints, Fed hikes interest rates again
  • Stock indexes rocked by Federal Reserve rate hike
  • Senate announces short-term spending bill to avoid shutdown
  • Dow, S&P 500 having worst month since 1931 as Grinch hits Wall St.
  • Taxpayers can no longer claim these 4 deductions
  • Chick-fil-A poised to jump Subway, Burger King in US fast food market
  • Ocasio-Cortez needs a break? Gimme a break: Kennedy
  • Want to work from home? These are the top 10 jobs
  • Boeing sees Indian carriers ordering 2,300 planes worth $320M
  • Elon Musk’s Boring Company unveils high-speed LA tunnel
  • Why pickup trucks are America’s new family vehicle: Edmunds
  • Star Wars creator George Lucas leads Forbes wealthiest celebrities of 2018
  • Patriots QB Tom Brady could miss $5M in performance bonuses this season
  • Facebook admits it gave tech companies access to users’ personal messages
  • Sears takes $443M in charges from store closures
  • Financial security: Parents making this ‘alarming’ mistake with their adult kids
  • SALT deductions shouldn’t exist, Art Laffer says
  • 3 financial documents everyone needs
  • Why gold might be a safe Christmas gift this season
  • These 20 states will raise minimum wages in 2019
  • J&J loses its battle to overturn a $4.7B baby powder verdict
  • Top 10 box office hits of 2018
  • Fed rate hike likely won’t hurt home values
  • FedEx CEO blames tariffs, ‘bad’ politics for lower profit outlook, shares tank
  • Facebook sued for Cambridge Analytica scandal by District of Columbia
  • Mortgage applications fell along with equities
  • UPS expects more than 1M returns a day up to Christmas
  • Top CEOs predict a recession will strike by the end of 2019

 

Today’s markets and stocks, at the closing bell…

12.19.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue12.19.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

The MHCV has been hammered in recent months, generally falling along with the rest of the markets. It had been up significantly earlier this year.

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

 

FedRateHikeChairJeromePowellCommentssendBroaderMarketMOSTMHEquitiesReelingDailyBusinessNewsMHProNews

Jerome Powell, Chairman of the U.S. Federal Reserve, spoke during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 19, 2018.

 

Among the bullets:

  • Federal Reserve Chairman Jerome Powell said the balance sheet reduction program will continue to proceed as planned. Recall that those purchases during the Obama era ‘propped up’ the markets in a rather artificial way, which was good for investors. “Unwinding” – selling off – those instruments are of course a depressor to the broader markets.
  • The Fed currently has been allowing $50 billion a month to run off their balance sheet, which is largely a portfolio of bonds the central bank purchased to stimulate the economy during and after the 2008 financial crisis.

I think that the runoff of the balance sheet has been smooth and has served its purpose,” he said during a news conference. “I don’t see us changing that.” The Obama administration artificially benefited from those purchases, and the Trump Administration is being artificially harmed by the reversal of that policy.

The process of ‘unwinding’ began in October 2017, which as noted had been acquired following three rounds of so-called “quantitative easing,” or QEs.  That QE – a process in which the Fed bought Treasurys and mortgage-backed securities drove down interest rates, while propping up stocks.

So that Obama era policy kept rates near historic lows, an also provided a massive run-up in stocks, which yielded the longest bull market in history.

At its peak, the Fed’s balance sheet was at $4.5 trillion, said CNBC today. “The portfolio has since dropped to $4.14 trillion, and the total holdings of Treasurys and MBS has fallen below $4 trillion.”

Powell admitted “that the market can be very sensitive to news about the size of the balance sheet.”  Of course, it’s called supply and demand.  Powell is doing what short sellers sometimes do, although not many are calling it that way.

Former Fed Chairman Ben Bernanke’s comments in 2013 that “tapering” was ahead for bond purchases and QE famously ignited the “taper tantrum” that sent markets reeling.

We’re alert to these issues, watching them carefully,” he said. “We don’t see the balance sheet runoffs as creating significant problems.”

The Federal Open Market Committee (FOMC) approved today a 25 basis point hike in the funds rate as well as a 20 basis point increase in the interest on excess bank reserves, the latter being a benchmark to keep the funds rate in check.

 

See the Related Report, by clicking the linked text/image box below.

JP Morgan Guru Says, “Fake News” Shares Blame in Volatile Markets, plus MH Stock Updates

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

12.19.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

 

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

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(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

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To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


Sam Zell’s ELS Scores Again, Details Others Missed

December 19th, 2018 Comments off

 

SamZellsELSScoresAgainPalmLakeCoopWPalmBeachFLEquityLifestylePropertiesDailyBusinessNewsMHProNews

Palm Lake Cooperative at 7272 42nd Way North in West Palm Beach, Florida, has sold the community to MHC Palm Lake LLC.  That’s an affiliate of MH Communities, the manufactured home investment arm of Chicago-based Equity LifeStyle Properties (ELS), per the Business Journal and a local court filing.

 

For those who champion resident owned communities, this is an eye opening development, as the Palm Lake Cooperative was dissolved following the deal.

PalmLakeCoopSign2016ELSequityLifestylePropertiesDailyBusinessNewsMHproNews

The sales price was $48.96 million, said the Real Deal.  The Street describes a REIT – a real estate investment trust – such as ELS, asa company that owns and (with some exceptions) operates income-generating real estate such as office buildings, shopping malls and parking lots.” Obviously, manufactured home communities, RV parks. For ELS – even a marina and boat slips can qualify as part of the properties they own and operate.

PalmBeachCoop55PlusCommunityDailyBusinessNewsMHProNews

The photo at the top of the manufactured homes with Sam Zell is from the old Palm Beach Coop website, photo collage by MHProNews.

 

ELS is among the basket of manufactured housing industry connected equities that are tracked in our evening market report.  Last night’s closing ticker is shown below.

 

EquityLifestylePropertyELSBloombergDailyBusinessNewsMHProNews

 

The Real Deal states the size of the community is: “50-acre property… that consists of 922 mobile home pads. The deal breaks down to about $53,000 per lot.” That would contradict the claimed number of sites and thus community value reported in the Business Journal.

PalmBeachCoop55PlusCommunityDailyBusinessNewsMHProNews

 

The community’s former coop website is down at this time.

 

PalmLakeCoopMapWPalmBeachFloridaDailyBusinessNewsMHProNews

 

Equity LifeStyle pledged to invest $3 million within the next three years to improve the community’s common areas and infrastructure, records show. “Features at Palm Lake include a clubhouse, swimming pool and activities like horseshoe, shuffleboard and fishing. The real estate investment trust owns more than 412 communities and resorts in 32 states and British Columbia,” said the Real Deal, per the ELS website.

 

S-CentralFLMapPalmBeachCoop55PlusCommunityDailyBusinessNewsMHProNews

 

ELS is one of the top two manufactured home communities in the nation, according to data reported by the Manufactured Housing Institute (MHI) National Communities Council (NCC).

2018Top50ManufacturedHomeCommunitiesListNotMObileHomeParksNCCNationalCommunitiesCouncilManufacturedHousingInsttitueDailyBusinessNewsMHProNEws

For more details, click here.

For related reports on manufactured home communities and ELS, please see the related reports, below the by line and disclosures. For researchers or newcomers, the land-lease community sector of manufactured housing is considered to be one of the most consistent performers in real estate investing.  That’s MH “Industry News, Tips, and Views Pros Can Use,” © where “We Provide, You Decide.” © ## (News , analysis, and commentary.)

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

NOTICE: You can join the scores who follow us on Twitter at this link. You can get our ‘read-hot’ industry-leading emailed headline news updates, at this link here.

NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two.

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2) To pro-vide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

Related Reports:

Howard Walker, Mensch – Equity LifeStyle Properties (ELS), Manufactured Homes Retrospective

Sam Zell’s Equity Lifestyle Properties (ELS) Unique New Score

 

Machiavellian “Godfather” – Sam Zell, Warren Buffett, Capital, Lending and Crossed Lines in Manufactured Housing

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To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com


Insider Tips – Clayton Multi-Million Dollar Plan Aims at Replacing Sales Staff? Warren Buffett, Bill Gates, Kevin Clayton Meeting

December 19th, 2018 Comments off

 

InsiderTipsClaytonMultiMillionPlanAimsReplacingSalesStaffWarrenBuffettBillGatesKevinClaytonMeetingDailyBusinessNewsMHProNews

Informed sources with and connected to Clayton Homes reveals new angles on an emerging, as well as previously stories.

 

According to sources, in under 2 years, Clayton Homes has and will invest some $55,000,000 in technology tied to the manufactured home buyer’s shopping experience.

Clayton has demonstrated some of their virtual tour technology at the Louisville Manufactured Home Show in the past. So that part of the tale isn’t new.

Customer downloadable apps are likewise not news to those who are close Clayton Homes watchers.

But what will be news for many – including for some on the Knoxville, TN based firm’s team is the notion that Clayton is moving incrementally toward a system that, per sources, aims to minimize the role of retail sales people in the company.

Rephrased, sources claim that sales people are being slowly replaced with technology. Think of it as “the competitive Moat” principle pointed within Clayton, much like it is pointed outward at the balance of the manufactured housing industry.

Think about it. Every home that they sell a new manufactured home without a sales person’s commission involved would go straight to their bottom line,’ according to one insider source.  That’s a huge competitive advantage, and that indeed fits the Berkshire vision of the strategic moat.

One of several such examples is shown in their video below.

 

 

This fits the narrative from a prior Daily Business News on MHProNews report, found in the linked image/text box below, that once Clayton completes their effective domination of manufactured housing, the Knoxville metro based firm will be able to cut back the pay of their general managers.

 

Clayton Homes Owned Sales Centers Reveal Surprising Trend

 

It’s all about deepening and widening the Clayton moat.”  Short term, Clayton is raising pay – for example – for factory workers, even as they are slowly being replaced by increased automation at Clayton Manufacturing facilities.  In time, that trend could reverse when labor demand declines, that’s how the principle of the ‘law of supply and demand’ works.

 

YouGetMoreOfWhatYouEncourageLessofWhatYouDiscourageMartyLavin

The logic of this statement can be applied to a variety of cases.  Lavin’s comment was on another issue, but do you see how it relates here? 

 

Those trends in turn then point outward against other producers and retailers.  That’s part of the process described by sources which explain the methods by which the “Clayton Moat” widens as deepens.  As previously reported, more voices are speaking out against the manufactured housing giant.

 

ClaytonHomesRespondsInvestigateFairHousingComplaintViewerComments

Comments shown are for the video posted above.

 

The mainstream video above includes these publicly posted comments on that YouTube page, shown under the video.

 

 

There are several indications from Clayton online that suggest this is a plausible hypothesis. Among them, per insiders, are video reports by local Knoxville metro media, where Clayton Homes is based.

 

 

As the local media reports reflect, no details of the meeting of Buffett, Gates, and Kevin Clayton were released.

While Kevin Clayton publicly says they have a ‘culture of transparency,’ their failure to answer basic questions about issues like their “Trojan Horse” style “new class of homes” scheme for manufactured homes, and how that has arguably weaponized the Duty to Serve against manufactured housing instead suggests otherwise.  The Clayton/Berkshire brands dominated Manufactured Housing Institute (MHI) likewise has repeatedly ducked questions about these important issues for consumers, current manufactured home owners, and thousands of independent industry professionals alike.

 

MHARR Exposes GSES’ Failure On Chattel Financing Before Congress

 

That said, if a Clayton executive wishes to explain or clarify any of these allegations from within their firm or from other sources, as usual, MHProNews is open to updating a report, based upon new evidence.

Clayton has, per sources, talked about benefits that are accruing to their firm due to Berkshire’s synergies with tech firms, including IBM and Microsoft.

At this point in time, the “Clayton Moat” should be understood as Kevin and Warren Buffett have framed themselves framed the issue. ICYMI, or need a refresher, click on the image/text box below for a report with documents, videos, and ‘follow-the-money’ evidence.

 

Smoking Gun 3 – Warren Buffett, Kevin Clayton, Clayton Homes, 21st Mortgage Corp Tim Williams – Manufactured Home Lending, Sales Grab?

 

 

Their goal is to deepen and widen their moat, period. Or as a Clayton team member messaged in defense of Clayton’s business practices, ‘What’s wrong with crushing the competition?

A basic web search did not find any online corroboration for this $55,000,000 figure investment claim. That suggests that MHProNews has another industry first, news item. For confidential and/or ‘on the record’ news tips on Clayton, MHI, and other industry relevant topics, use the link here or to the left of the author’s photo, further below.

Independents, take note. While there are strategies available to counter such trends, the logic of their goal is just as that Clayton trained team member said, to crush competitors.

After the Smoking Gun/21st Mortgage revelations, this would be no surprise.

The ultimate defense is multilayered, including breaking ties with their puppet Monopolistic Housing Institute (MHI), errr, Manufactured Housing Institute, supporting antitrust action against Berkshire, and working to end other monopolistic developments in America.

MHARR has long advocated for the post-production sector to establish a new association that is not under the thumb of Clayton and the Berkshire Hathaway connected lenders and other firms that operate in manufactured housing.

 

MHARR Releases Study Recommending Independent Collective Representation for Post-Production Sector

 

The issue of #OpenMarkets is a pressing one for the industry, and the nation at large.  With both Democrats and voices within the Trump Administration voicing an interest at taking on antitrust issues, there are reasons to believe that the next year or two could provide more visible movement on an issue that sources have told MHProNews are already underway in Washington, D.C.

To be forewarned and act according is to be better prepared. More tips from Clayton team and other industry members can be provided via the link to the bottom left, below. That’s “Industry News, Tips, and Views Pros Can Use,”  © where “We Provide, You Decide.”  © ## (News , analysis, and commentary.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

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New HUD Report Reveals Tragedy of Homelessness, When Solution for Affordable Housing is Hiding in Plain Sight

December 19th, 2018 Comments off

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For years, MHLivingNews and MHProNews have made the case that federal and state housing budgets could be stretched by a proper understanding and use of modern manufactured homes.

 

 

MHProNews periodically spotlights this vexing issue because it represents both opportunity and a tragedy that is debatably avoidable in many if not most cases. Because part of the problem for years has been a ‘rigged system’ that yields homelessness that the nation has witnessed for far too long.  The click-linked image/textboxes can be accessed later for more information on.

 

Affirmatively Furthering Fair Housing, a Novel Yet Proven Solution to the Affordable Housing Crisis That Will Create Opportunities, Based Upon Existing Laws

The annual HUD report to Congress has just come out, and HUD thoughtfully provided to the Daily Business News on MHProNews.  We’ll link it up as part of their release, below.

The First Step to Problem Solving and #HousingChoice

Please make sure you see the related reports, below the by line at the end of this article for more details on this issue, from the manufactured housing vantagepoint.  Now, let’s dive into the HUD release, which includes the download of their full report.

HUDNewsheaderManufacturedHousingIndsutryDailyBusinessNewsMHProNews

 

HUD REPORTS HOMELESSNESS UNCHANGED IN U.S. IN 2018 WITH NOTABLE DECLINES AMONG VETERANS AND FAMILIES WITH CHILDREN

           WASHINGTON – Homelessness in the U.S. remained largely unchanged in 2018, according to the latest national estimate by the U.S. Department of Housing and Urban Development (HUD). HUD’s 2018 Annual Homeless Assessment Report to Congress found that 552,830 persons experienced homelessness on a single night in 2018, an increase of 0.3 percent since last year. Meanwhile, homelessness among veterans fell 5.4 percent and homelessness experienced by families with children declined 2.7 percent nationwide since 2017. 

 EstimatesHomelessbyState2018HUDDailyBusinessNEwsMHproNews

As in previous years, there is significant local variation in the data reported from different parts of the country. Thirty-one (31) states and the District of Columbia reported decreases in homelessness between 2017 and 2018 while 19 states reported increases in the number of persons experiencing homelessness.

“Our state and local partners are increasingly focused on finding lasting solutions to homelessness even as they struggle against the headwinds of rising rents,” said HUD Secretary Ben Carson. “Much progress is being made and much work remains to be done but I have great hope that communities all across our nation are intent on preventing and ending homelessness.”

 HUDEstimatesOfExperiencingHomelessness2018552830PITDailyBusinessNewsMHPronNews

“Communities across the country are getting better and better at making sure that people exit homelessness quickly through Housing First approaches,” said Matthew Doherty, executive director of the U.S. Interagency Council on Homelessness. “We know, however, that a lack of housing that people can afford is the fundamental obstacle to making further progress in many communities.”

HUD’s national estimate is based upon data reported by approximately 3,000 cities and counties across the nation. Every year on a single night in January, planning agencies called ‘Continuums of Care,” along with tens of thousands of volunteers, seek to identify the number of individuals and families living in emergency shelters, transitional housing programs and in unsheltered settings. These one-night ‘snapshot’ counts, as well as full-year counts and data from other sources (U.S. Housing Survey, Department of Education), are crucial in understanding the scope of homelessness and measuring progress toward reducing it.

 

Key Findings of HUD’s 2018 Annual Homeless Assessment Report: 

On a single night in January 2018, state and local planning agencies (Continuums of Care) reported:

  • 552,830 people were homeless representing an overall 0.3 percent increase from 2017 but a 13.2 percent decrease since 2010. This small increase is due to two factors:

 

1.    a 2.3 percent increase of unsheltered homelessness; and,

2.    nearly 4,000 persons staying in emergency shelters set up in areas impacted by Hurricanes Harvey, Irma, Maria, and Nate; western wildfires; and other storms and events.

 

  • Most homeless persons (358,363) were located in emergency shelters or transitional housing programs while 194,467 persons were unsheltered.
  • The number of families with children experiencing homelessness declined 2.7 percent since 2017 and 29 percent since 2010.
  • On a single night in January 2018, 37,878 veterans experienced homelessness, a decline of 5.4 percent (or 2,142 persons) since January 2017. The number of female veterans dropped nearly 10 percent since last year.  Overall, Veteran homelessness in the U.S. declined by 49 percent since 2010.
  • 88,640 individuals experienced long-term homelessness in 2018, an increase of 2.2 percent over 2017 levels though chronic homelessness declined by 16.4 percent (or 17,422 persons) since 2010.
  • The number of unaccompanied homeless youth and children in 2018 is estimated to be 36,361, a 5.1 percent decline since 2017. Last year, HUD and local communities launched a more intense effort to more accurately account for this important, difficult-to-count population. HUD is treating 2017 as a baseline year for purposes of tracking progress toward reducing youth homelessness.

 

Family Homelessness

HUD’s latest national estimate notes a continuing decline in family homelessness in the U.S.  In January of 2018, here were 56,342 family households with children experiencing homelessness, a 29 percent decline since 2010.  These declines are largely a consequence of HUD’s policy shift from supporting higher cost transitional housing to rapid rehousing programs across the country.  Following HUD’s guidance and best practices, local planners are increasingly using rapid rehousing to move families into permanent housing more quickly and at lower cost.  Communities are also implementing more prevention activities to help families avoid needing shelter as well as more robust coordinated entry efforts. Taken together, these ‘Housing First’ models have proven to be a more effective and efficient response to help families experiencing temporary crisis as well as those enduring the most chronic forms of homelessness. 

 

Veteran Homelessness 

Veteran homelessness in the U.S. is nearly half of what was reported in 2010.  Last year alone, the number of homeless veterans declined by 5.4 percent and homelessness experienced by female veterans dropped by nearly 10 percent.  These declines are the result of intense planning and targeted interventions, including the close collaboration between HUD and the U.S. Department of Veterans Affairs (VA). Both agencies jointly administer the HUD-VA Supportive Housing (HUD-VASH) Program, which combines permanent HUD rental assistance with case management and clinical services provided by the VA. This year, more than 4,400 veterans, many experiencing chronic forms of homelessness, will find permanent housing and critically needed support services through the HUD-VASH program. An additional 50,000 veterans found permanent housing and supportive services through VA’s continuum of homeless programs.

 

Chronic Homelessness 

Long-term or chronic homelessness among individuals with disabilities grew by 2.2 percent since 2017 though is 16.4 percent below the levels reported in 2010. This longer trend is due in part to a concerted effort to make more permanent supportive housing opportunities more available for people with disabling health conditions who otherwise continually cycle through local shelters or the streets. Research demonstrates that for those experiencing chronic homelessness, providing permanent housing, coupled with appropriate low-barrier supportive services, is the most effective solution for ending homelessness. This ‘housing first’ approach also saves the taxpayer considerable money by interrupting a costly cycle of emergency room and hospital, detox, and even jail visits.

 

HUD‘s mission is to create strong, sustainable,
inclusive communities and quality affordable homes for all.

### 

House Financial Services Report to MHProNews – Overview of Homelessness in America

Manufactured Housing is part of the solution, but the post-production advocacy for manufactured homes has been lacking

MHARR Releases Study Recommending Independent Collective Representation for Post-Production Sector

We Provide, You Decide.” © ## (News , analysis, and commentary.)

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

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Spotlighting Pro-Growth Educational Effort by Louisiana Manufactured Housing Association

December 18th, 2018 Comments off

 

SpotlightingProGrowthEducatoinEffortLousianaManufacturedHousingAssociationLogoLMHALogoAnthonyTonyLucasPalmHarborDailyBusinessNewsMHProNews

The Louisiana Manufactured Housing Association (LMHA) video below takes a tact at defending and promoting the acceptance of manufactured homes that is noteworthy.

 

 

It could have utilized the singularly important point of HUD Code manufactured home enhanced preemption, or any number of other research points that were available at the time the video was produced. So while it is useful, it could be improved.

 

 

Lenny Kopowski and Steve Duke at LMHA have been doing such educational and outreach efforts for years.

 

TerminologyMattersBecausetheTerminologyDescribestheConstructionStandardsHomeBuiltToSteveDukeLMHAaMHLivingNewsMHProNewsBiggerPocketsSunshineHomesRedBayAL

The terminology matters because
the terminology determines the
construction standards a home was
built to,” Steve Duke, LMHA.

 

That said, it debatably stands far and away better than anything that the national Manufactured Housing Institute (MHI) has produced to date.

Several states have made efforts at growing the industry at the state level. That’s laudable.

The unfortunate point is that MHI, which has millions a year in budget should be doing this sort of work, shouldn’t they? Don’t they claim to represent all aspects of factory-built housing?

 

Manufactured Housing Institute Housing Alert, Affordable Housing Crisis, MHI’s #NettlesomeThings Response

 

Louisiana’s slip in new home shipments is one of several topics that MHI has ignored in their recent ‘newsletter’ to their members. Several states have told MHProNews that they are concerned.

 

LouisianaManufacturedHousingAssociationOklahomaMHAOManufacturedHomeDailyBusinessNewsMHproNews

Louisiana is one of the top ten states for manufactured home shipments in recent years, per data collected by HUD and reported by MHARR. Clayton Homes has a serious presence in the state. Yet, sales are declining. Why???

 

Michigan’s shipments is another top ten state in recent years that has been losing, not gaining, in year-over-year new manufactured home shipments.

What will change this or other troubling industry dynamics?

One answer is the one that UMH President Sam Landy suggested, each company is responsible for its own marketing. Each company is logically responsible for its own sales engagement systems too.

After all, all sales are local ones.

Beyond that, independents who want to see growth should consider new alliances.

Because in the post-production sector, that MHI claims to be doing, the evidence suggests they are fast at defending themselves or a favored company, such as Clayton or 21st.

But beyond that, they’re  efforts for protecting, educating, and promoting on behalf of the broader industry have not produced anything akin to this generally promising notion by LMHA, posted above. “We Provide, You Decide.” © ## (News , analysis, and commentary.)

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

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NOTICE 2: Readers have periodically reported that they are getting a better experience when reading MHProNews on the Microsoft Edge, or Apple Safari browser than with Google’s Chrome browser. Chrome reportedly manipulates the content of a page more than the other two.

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2) To pro-vide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Re-sources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

 

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#$2Trillion U.S. GDP Growth via Affordable Housing Plan Few Discuss – Introducing #YimbyVictory2020

 

 

 

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